Solana Profile


USD 32.44  0.81  2.44%   

Market Performance
0 of 100
Odds Of Distress
Less than 40
Solana is trading at 32.44 as of the 3rd of October 2022, a -2.44 percent decrease since the beginning of the trading day. Solana has about a 40 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Cryptocurrency ratings for Solana are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of September 2022 and ending today, the 3rd of October 2022. Click here to learn more.
Solana is peer-to-peer digital currency powered by the Blockchain technology. More on Solana
Solana is an online market maker for peer-to-peer digital currency indicated as Cryptocurrency. Solana has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as Solana are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Solana are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Solana Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Solana's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Solana or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Solana generated a negative expected return over the last 90 days
Solana has high historical volatility and very poor performance
Latest headline from Macroaxis: Technical Overview of Solana
Thematic IdeaUSD Crypto Fund (view all)
Solana is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 24 exchanges in multiple currencies. Solana (SOL) saw in late 2020 its adoption start picking up steam. In October 2020 Circle expanded the USDC stablecoin into the Solana network. The move came shortly after Tether’s USDT was added to it in September 2020.What is Solana?Solana is a high-performance blockchain founded by former Qualcomm, Intel, and Dropbox engineers that uses a delegated Proof-of-Stake (dPoS) consensus algorithm. The network uses a unique method of ordering transactions to significantly improve its speed and throughput.Blockchain networks have historically struggled with scalability issues, with the few that managed to solve them dealing with centralization issues. A decentralized network with small confirmation times and transaction fees has been hard to create, but the problem was tackled in 2017 with the creation of Solana.Using what’s known as Proof-of-History (PoH), the Solana blockchain is able to handle thousands of transactions per second. PoH uses Verifiable Delay Functions to hash incoming events and transactions to allow nodes to locally generate timestamps of SHA256 computations, eliminating the need for timestamps to be broadcasted across the network.According to the Solana team, there are eight major innovations allowing the network to scale to serve the web with capabilities matching those of a centralized system. The network has 400ms block times and can handle up to 65,000 transactions per second.The network has already processed well over 21 billion transactions while handling over 800 transactions per second of real demand.What is the SOL token?The Solana blockchain has a native cryptocurrency, the SOL utility token. SOL is used to pay for transaction fees when moving funds around and interacting with smart contracts on the blockchain.Anyone holding SOL tokens can interact with applications on the network, the same way anyone holding ETH can interact with applications on the Ethereum blockchain. While Ethereum uses the ERC token protocol, Solana uses the SPL protocol.SOL has two main use cases: It’s used to pay for transaction fees and to interact with smart contracts It can be staked as part of the dPoS consensus mechanism to earn staking rewardsApart from these two use cases, decentralized applications being built on top of the Solana blockchain create new ones. These applications may allow SOL to be used as collateral for cryptocurrency-backed loans, or to be lent out to earn interest.You can find out how to stake Solana on our guide, which covers various methods of doing so.Where Can You Buy SOL?The cryptocurrency is currently being traded on most top cryptocurrency exchanges, including Coinbase, Kraken, Bitfinex, Binance, and FTX. You can find out where to buy SOL on the cryptocurrency’s markets page on CryptoCompare.
Coin TypeSolana
Proof TypePoH
IndustryFinancial and Insurance Activities
Collateralized AssetNo
Market Performance RatingD+
White PaperView
Is Tradingtrue
Asset Launch Date2017-11-01
Full NameSolana (SOL)
Asset Website Url
Block Number138.05 Million
Platform Typeblockchain
Coin NameSolana
Total Coins Mined529.88 Million
Solana (SOL) is traded on CRYPTO Exchanges. Solana is peer-to-peer digital currency powered by the Blockchain technology.

Solana's Exchanges and Markets

Coinmate Bitstamp ZBG Coinbase Kraken Poloniex BitMart Binance Korbit DigiFinex Gemini Bithumb LBank Liquid HitBTC Bitfinex ZB Kucoin Exmo Coinone P2PB2B Bibox Bitso CoinEx

Solana Target Price Odds Analysis

What are Solana's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Solana jumping above the current price in 90 days from now is about 83.1%. The Solana probability density function shows the probability of Solana crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Solana has a beta of 0.2134. This usually implies as returns on the market go up, Solana average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Solana will be expected to be much smaller as well. Additionally, the company has an alpha of 0.1044, implying that it can generate a 0.1 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 32.44HorizonTargetOdds Above 32.44
16.82%90 days
Based on a normal probability distribution, the odds of Solana to move above the current price in 90 days from now is about 83.1 (This Solana probability density function shows the probability of Solana Crypto Coin to fall within a particular range of prices over 90 days) .

Technical Overview of Solana

Solana is the invention of Anatoly Yakovenko. It's a platform designed to address the shortcomings of more traditional and established blockchain platforms. The platform can efficiently perform about 50,000 transactions in a second. That's the most outstanding factor that makes the platform unique. Solana can seamlessly add multiple properties to its existing network in a fraction of a second. It has made a name for itself as Ethereum's competitor.

What Technology Does Solana Use?

Solana uses the native SPL protocol, a token standard that the blockchain adopts, closely similar to Ethereum's ERC20 on the Ethereum network. The tokens achieve two primary goals. The first is to pay fees when interacting with intelligent contractors or performing other activities on the platform. Secondly, the tickets make a user eligible to become a validator or leader within the network. When a user is a validator, they can oversee the smooth running of the environment.

What are Solana's Features?

Solana's high performance is because of the seven key features that add speed and efficiency. They also contribute to secure data storage and faster transaction processing. The features create a platform friendly to applications that involve many transaction activities. That explains why the network is home to NFTs, video games, and DeFi activity.

The seven proprietary features that boost Solana's speed are:

  • Archives: The distributed ledger store
  • Cloudbreak: The horizontally scaled accounts database
  • Pipelining: The transaction processing unit for validation optimizations
  • Gulf Stream: The Mempool-less transaction forwarding process
  • Turbine: The communication protocol
  • Tower BFT: Aims to reduce messaging overhead and latency
  • Proof of History: Marks history of a hash, performing as an on-chain clock.

Solana has a fast, secure, and censorship-resistant protocol. It also offers a decentralized blockchain network, combining proof of history and stake. Its foundation is in the RUST programming language, providing a robust base for safeguarding transactions.

What Makes Solana Unique?

Proof of History is the central concept that sets Solana apart from the competition. The feature provides the highest throughput of any Layer-1 blockchain. Another feature of Solana, Sea level, is the world's first parallel smart contracts runtime. These two give Solana an edge, making it competitive in global businesses.

Solana gains value from its seven core features listed above. Their design and making are that they allow the network to outperform most other blockchain platforms, providing a scalable environment for global businesses to deploy crypto apps. Solana's native SOL cryptocurrency comes from its utility. Users can leverage SOL to secure the network through staking as delegators or validator nodes.

The choice is profitable for SOL holders as stakers get half the transaction fees and most of the emission of new tokens. As the Solana ecosystem grows and processes more transactions, the platform will become more valuable. The demand by stakers, users, and developers will continue to grow.

Solana Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Solana market risk premium is the additional return an investor will receive from holding Solana long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Solana. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Solana's alpha and beta are two of the key measurements used to evaluate Solana's performance over the market, the standard measures of volatility play an important role as well.

Solana Technical Analysis

When it comes to investing in cryptocurrency, such as Solana, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Solana, which is currently traded at 32.44, shows everything you need to know about Solana market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Solana, to determine its price movements. However, the Solana's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Solana's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Solana's future price trend
The output start index for this execution was zero with a total number of output elements of sixty-one. Solana Tanh Of Price Series is a hyperbolic price transformation function.

Solana Against Markets

Picking the right benchmark for Solana crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Solana crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Solana is critical whether you are bullish or bearish towards Solana at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Solana without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in Solana

You need to understand the risk of getting into digital currencies such as SOL before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Solana in four ways:

Buy SOL through an exchange

Get yourself a crypto wallet before embarking on your Solana journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Solana. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Solana through an exchange

You don't have to buy a full token when starting out since SOL is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Solana through a broker

If you don't want to store your Solana Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in SOL through an exchange-traded fund (ETF)

You can also invest in SOL through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Solana in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additionally, take a look at World Market Map. You can also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Other Tools for Solana Crypto Coin

When running Solana price analysis, check to measure Solana's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Solana is operating at the current time. Most of Solana's value examination focuses on studying past and present price actions to predict the probability of Solana's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Solana's coin price. Additionally, you may evaluate how adding Solana to your portfolios can decrease your overall portfolio volatility.
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